HORIBA Income Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	363,991	333,081	317,369	290,558	270,133	224,314
Revenue Growth	12.48%	4.95%	9.23%	7.56%	20.43%	19.90%
Cost of Revenue	203,522	186,722	180,514	163,174	153,459	131,091
Gross Profit	160,469	146,359	136,855	127,384	116,674	93,223
Selling, General & Admin	74,137	68,623	65,220	59,722	52,223	44,372
Research & Development	24,688	24,688	22,980	20,436	18,585	16,710
Operating Expenses	98,832	93,318	88,514	80,086	70,830	61,175
Operating Income	61,637	53,041	48,341	47,298	45,844	32,048
Interest Expense	-914	-852	-924	-722	-657	-516
Interest & Investment Income	2,737	2,610	2,783	2,199	849	388
Currency Exchange Gain (Loss)	-733	-990	-651	-948	211	-245
Other Non Operating Income (Expenses)	389	416	620	423	612	362
EBT Excluding Unusual Items	63,116	54,225	50,169	48,250	46,859	32,037
Gain (Loss) on Sale of Investments	1	1	-	6,594	25	134
Gain (Loss) on Sale of Assets	54	71	19	38	518	26
Asset Writedown	-1,246	-1,272	-1,358	-59	-132	-1,731
Other Unusual Items	-2,253	-1,945	-	-1,121	1	-264
Pretax Income	59,672	51,080	48,830	53,702	47,271	30,202
Income Tax Expense	16,617	13,970	15,233	13,400	13,199	8,891
Earnings From Continuing Operations	43,055	37,110	33,597	40,302	34,072	21,311
Minority Interest in Earnings	-18	-20	-6	-	-	-
Net Income	43,037	37,090	33,591	40,302	34,072	21,311
Net Income to Common	43,037	37,090	33,591	40,302	34,072	21,311
Net Income Growth	18.55%	10.42%	-16.65%	18.29%	59.88%	61.59%
Shares Outstanding (Basic)	42	42	42	42	42	42
Shares Outstanding (Diluted)	42	42	42	42	42	42
Shares Change	0.07%	-0.12%	-0.57%	0.09%	0.05%	0.05%
EPS (Basic)	1024.71	883.49	799.44	953.71	807.05	505.04
EPS (Diluted)	1019.90	879.27	795.34	948.83	802.89	502.46
EPS Growth	18.47%	10.55%	-16.18%	18.18%	59.79%	61.52%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Free Cash Flow	30,808	29,108	22,183	7,803	22,327	23,073
Free Cash Flow Per Share	730.10	690.04	525.24	183.71	526.12	544.00
Dividend Per Share	210.000	290.000	245.000	290.000	245.000	150.000
Dividend Growth	-14.29%	18.37%	-15.52%	18.37%	63.33%	66.67%
Gross Margin	44.09%	43.94%	43.12%	43.84%	43.19%	41.56%
Operating Margin	16.93%	15.92%	15.23%	16.28%	16.97%	14.29%
Profit Margin	11.82%	11.13%	10.58%	13.87%	12.61%	9.50%
Free Cash Flow Margin	8.46%	8.74%	6.99%	2.69%	8.27%	10.29%
EBITDA	76,589	66,846	61,400	59,900	57,192	42,488
EBITDA Margin	21.04%	20.07%	19.35%	20.62%	21.17%	18.94%
D&A For EBITDA	14,952	13,805	13,059	12,602	11,348	10,440
EBIT	61,637	53,041	48,341	47,298	45,844	32,048
EBIT Margin	16.93%	15.92%	15.23%	16.28%	16.97%	14.29%
Effective Tax Rate	27.85%	27.35%	31.20%	24.95%	27.92%	29.44%